Newcastle Intermediaries is now offering its range of buy-to-let mortgage products to borrowers in Scotland.
The deals are two- and five-year fixed rate products starting at 2.25 per cent with a maximum LTV of 75 per cent.
The lender adds that the offerings have a maximum loan value of £500,000, no maximum age at the end of the term, and all the cases are individually underwritten.
Newcastle Intermediaries’ interest coverage ratio on its five-year fixed rate products are assessed to 145 per cent at 4 per cent, and the assessment of rental cover is calculated on an interest-only basis, according to the firm.
Newcastle Intermediaries customer director Stuart Miller says: “We are pleased to be extending into Scotland after serving England and Wales for more than three years.
“As we already lend there on a residential, self-build and a custom build basis, it made sense to extend the offering of our BTL proposition into Scotland.”